Electric car, Chinese BYD beats Tesla in sales (which has tripled) – Corriere.it

Outdated Tesla. BYD, a Chinese auto company (Partially owned by Warren Buffett’s Berkshire Hathaway) Elon Musk’s company has surpassed sales. The Chinese group has become the world’s largest producer of electric vehicles, an emblem of China’s growing dominance in this sector. According to reports from financial timesAnd the The Shenzhen-based auto brand sold 641,000 vehicles in the first six months of the year, an increase of more than 300%. compared to the same period of the previous year. All this for 564,000 cars sold by Tesla. The Chinese company published a post on Facebook confirming the sales record of its electric cars.

Tesla’s Decline: Between Lockdown and Logistics in Crisis

The company founded by Elon Musk had a difficult second quarter Both are due to disruptions in the supply chain and halt in sales in China. According to analysts, the bypass was facilitated by Operations suspended at a Tesla plant in Shanghai After the most populous city in China was closed for two months. The rise of BYD, the Financial Times reports, underscores China’s strengthening position in the renewable energy sector, which can draw on size and cost advantages across most of the supply chain for electric vehicles, batteries, wind and solar. BYD also overtook South Korea’s LG as the world’s second largest electric car battery manufacturer, Behind contemporary Chinese Amperex (Catl) technology.

Dragon Sovereign

Thus, China asserts itself as the queen of the green car supply chain. Analysts view the rise of China’s domestic auto industry as a harbinger of a radical shift in the global car market — to the point that Chinese electric car makers are exporting more than ever. last year China, the world’s largest car market today, has exported more than half a million electric cars. More than double the previous year.

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